Crexendo price target raised to $7.50 from $6.75 at B. Riley

B. Riley raised the firm’s price target on Crexendo (CXDO) to $7.50 from $6.75 and keeps a Buy rating on the shares post the Q4 report. The company added six new logos and secured 13 upgrade orders, the analyst tells investors in a research note. The firm believes Crexendo’s new customer wins could continue to accelerate over time.